Pursuits
China's Homelink Said to Seek Funds at $6.2 Billion Value
- Beijing Homelink plans to expand its reach across China
- Tencent, Baidu said to take part in Homelink fundraising
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Beijing Homelink Real Estate Brokerage Co. is seeking to raise funds in a financing round that will give the property company a valuation of about 40 billion yuan ($6.2 billion), according to people familiar with the matter.
Homelink, which focuses on rental and second-hand real estate transactions, is raising about $1 billion and has attracted funding from Chinese Internet giants including Tencent Holdings Ltd. and Baidu Inc., said the people, who requested not to be named because the matter is private.